Commonwealth Bank of Australia (OTCMKTS:CMWAY) Trading 1% Higher

Commonwealth Bank of Australia (OTCMKTS:CMWAY – Get Rating)’s stock price rose 1% on Friday . The company traded as high as $75.93 and last traded at $75.87. Approximately 8,666 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 20,490 shares. The stock had previously closed at $75.15.

Analyst Upgrades and Downgrades

CMWAY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Commonwealth Bank of Australia from a “neutral” rating to an “underweight” rating in a report on Tuesday, November 15th. Jefferies Financial Group cut Commonwealth Bank of Australia from a “hold” rating to an “underperform” rating and decreased their price target for the company from $96.00 to $91.30 in a research report on Tuesday, November 15th.

Commonwealth Bank of Australia Price Performance

The company has a 50 day simple moving average of $71.78 and a 200-day simple moving average of $67.78.

About Commonwealth Bank of Australia

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Commonwealth Bank of Australia provides integrated financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.